Textron Inc. $TXT Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its position in Textron Inc. (NYSE:TXT) by 283.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 370,160 shares of the aerospace company’s stock after acquiring an additional 273,643 shares during the quarter. Cerity Partners LLC’s holdings in Textron were worth $32,267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TXT. AQR Capital Management LLC lifted its stake in Textron by 144.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock valued at $213,942,000 after buying an additional 1,573,206 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Textron by 270.7% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after buying an additional 734,478 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Textron in the 3rd quarter valued at approximately $56,255,000. SG Americas Securities LLC lifted its stake in Textron by 8,087.0% in the 4th quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock valued at $37,439,000 after buying an additional 424,246 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Textron by 56.2% in the 3rd quarter. Millennium Management LLC now owns 926,237 shares of the aerospace company’s stock valued at $78,258,000 after buying an additional 333,421 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Price Performance

TXT stock opened at $91.47 on Thursday. Textron Inc. has a 52-week low of $75.75 and a 52-week high of $101.57. The stock’s fifty day simple moving average is $90.74 and its 200-day simple moving average is $90.98. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts expect that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, June 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is 1.53%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings lowered Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Wells Fargo & Company assumed coverage on Textron in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 target price on the stock. Sanford C. Bernstein upped their target price on Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. upped their target price on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, TD Cowen raised Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.18.

Insider Buying and Selling at Textron

In other news, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the sale, the director owned 8,611 shares in the company, valued at $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.90% of the stock is owned by company insiders.

Textron Profile

Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.